Denver’s real estate market is buzzing with opportunity—now’s the time to make your move!!

Sep 16

2 min read

The Denver real estate market is presenting numerous opportunities for both buyers and sellers as we move through 2024. Here's a look at the positive trends shaping the market:

Strong Market Activity: The Denver housing market is experiencing a surge in new listings, with a significant 16.5% increase month-over-month and a 33.9% increase year-over-year. This boost in inventory is giving buyers more choices and creating a dynamic marketplace filled with potential.

Rising Home Values: Home values in the Denver Metro area continue to climb, with the average home value now at approximately $595,649, reflecting a 2.4% increase over the past year. This steady appreciation highlights the continued demand and desirability of the Denver metro area, making it an attractive investment for homebuyers.
1. Sales and Competitive Pricing: Homes in Denver are selling, with an average time on market status of just 16 days. This fast-paced market indicates strong buyer interest, and competitive pricing strategies are resulting in quicker sales for well-priced properties. Sellers who prepare and price their homes accurately are seeing excellent returns, often selling faster and at asking price.
2. Expanding Inventory: The increase in housing supply is a welcome development, providing buyers with more options and potentially easing the intense competition seen in previous years. With active listings up by over 75% year-over-year, the market is gradually balancing, offering opportunities for both buyers and sellers to achieve their goals.
3. Positive Outlook: The future looks bright for the Denver real estate market, with predictions of continued growth at a sustainable pace. The area remains a magnet for young professionals and families, thanks to its strong job market, vibrant culture, and high quality of life.

Overall, the Denver real estate market is bustling with activity and opportunities, making it a prime time for buyers and sellers to take advantage of the positive trends and make their moves in this thriving market. If you have questions regarding buying or selling a home we are always here to have a conversation with you, and answer any questions you have.